Nousplatform provides blockchain-based escrow, technical and legal frameworks for decentralized management of investment funds that hold tokens or cryptocurrencies.
It uses NSU tokens (which are based on the ERC-20 standard) as the main utility token for a variety of transaction types between investors and investment funds. These tokens will allow participation in open-ended crypto funds, acquisition of tokenized assets, participation in ICOs, payment of dividends and numerous other functions.
Investors and investment funds will have access to applications with all of the functions needed to manage their involvement in the investment process.
Nousplatform will support five types of funds, each with their own structure and each with their own set of requirements. These are:
*Open-ended Investment Funds
*Closed-ended Investment Funds
*Venture Capital Funds
*Charitable Funds
*Family Trust Funds
Other types of funds may be added in the future.
Some of the advantages of Nousplatform include:
*Ability for investors to participate in investments in assets and fund structures that wouldn’t otherwise be available to them
*Consolidated KYC and AML functionality
*Escrow services provide safety for investors and funds
*Transparency of reporting and performance measurement
*Guarantee of fund terms via enforcement by automated ‘smart contracts’
*Ability to tokenize a wide variety of asset classes
There are a few direct competitors (Blackmoon Crypto, Iconomi, and Melonport) to Nousplatform at this time, but there are substantial differences (which I’ll discuss in a future article) between Nousplatform and each of them, and it appears that Nousplatform will be the most flexible project once all are completed.
The Nousplatform Pre-ICO will likely begin by the time this article is published and the platform will be launched starting in June (according to information at nousplatform.com). The Pre-ICO will have a discount of 25%, with the ICO to follow consisting of four phrases, each with a decreasing discount relative to the one before it.
I’ve only recently discovered Nousplatform and definitely have to learn more about the platform and about their plans for marketing it. I suspect that in some countries, adoption will be slow due to legal restrictions faced by funds, but that in countries that allow more flexibility this is going to be a big success and will change the way that people create and participate in funds.
